Guideline Value for JAYAMBAL STREET (CHEN)

Jayambal Street (Chen) guideline value

The current guideline value of Jayambal Street (Chen) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Jayambal Street (Chen) has changed

The guideline value for Jayambal Street (Chen) has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which remained unchanged in the following revision of 2017, where it dropped to Rs 402 per sq.ft. The value then increased significantly to Rs 600 per sq.ft in 2023, and further to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value is Rs 880 per sq.ft, placing Jayambal Street (Chen) below this median.

• Jamuna Auto Industrial Road (Chen): Rs 1,320 per sq.ft (2024)
• Jai Nagar (Chen): Rs 770 per sq.ft (2024)
• Industrial Ariya (Chen): Rs 1,320 per sq.ft (2024)
• Jp Anandaenclave (Chen): Rs 880 per sq.ft (2024)
• Indira*s Orchard Town: Rs 1,100 per sq.ft (2024)
• J V Avenue (Chen): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Jayambal Street (Chen)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jayambal Street (Chen)?

The Sub Registrar Office that covers Jayambal Street (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sengundram - 1. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jayambal Street (Chen)?

The current guideline value of Jayambal Street (Chen) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Jayambal Street (Chen)?

Jayambal Street (Chen) is classified as Residential Class I Type - III.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for property in Jayambal Street (Chen)?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at 7%.